🙏Blockchain Group has closed a funding round of over 22 million euros to accelerate its 🔥Bitcoin🔥 funding strategy
💧⚡On May 13, the agency #777🔥🔥🔥 reported, citing
🩸🤍 Bitcoin Magazine, that the publicly listed Blockchain Group (ALTBG) completed two funding rounds totaling over 22 million euros within a week. On May 9, the company raised 9.9 million euros through equity financing. The issuance price was 61.7% higher than the average price over the past 20 days. Participants included Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, and others. On May 12, the company issued 12.1 million euros in Bitcoin-denominated convertible bonds through its subsidiary in Luxembourg, which was fully subscribed by Blockstream CEO Adam Back. The issuance price was 30% higher than the initial conversion price.
🌀The funds will be used to enhance Bitcoin holdings and develop subsidiary businesses such as data intelligence and artificial intelligence. As a key member of "Bitcoin For Corporates", the company is exploring Bitcoin-centered capital structure innovations, including Bitcoin-denominated bonds and fixed asset reserve strategies....?
